RY - Royal Bank of Canada

NYSE - NYSE Delayed Price. Currency in USD
75.67
+0.19 (+0.25%)
At close: 4:02PM EDT
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Previous Close75.48
Open75.37
Bid0.00 x 1000
Ask0.00 x 1400
Day's Range75.25 - 75.80
52 Week Range70.35 - 87.10
Volume696,511
Avg. Volume692,101
Market Cap111.002B
Beta0.94
PE Ratio (TTM)12.81
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield2.93 (3.85%)
Ex-Dividend Date2018-07-25
1y Target EstN/A
Trade prices are not sourced from all markets
  • RBC Loses Its Luster as Investors Make TD Canada's Premium Bank
    Bloomberg17 hours ago

    RBC Loses Its Luster as Investors Make TD Canada's Premium Bank

    Royal Bank’s pain is TD’s gain. Shares of Royal Bank of Canada are losing ground to its biggest rival, Toronto-Dominion Bank, which rose to a record on Wednesday. Toronto-Dominion’s returns more than doubled its Canadian competitor in the past year, eliminating the premium Royal Bank shares enjoyed for the better part of a decade.

  • Man Behind RBC's Battle Against High-Frequency Trading to Leave
    Bloomberg4 days ago

    Man Behind RBC's Battle Against High-Frequency Trading to Leave

    Royal Bank of Canada’s Greg Mills, the global equities head who spearheaded his firm’s fight against predatory high-frequency trading, is leaving RBC Capital Markets next month after two decades at the bank. Mills, who led the global equities business out of Toronto since 2005, decided to depart after “productive discussions” the firm had on succession planning, according to an internal memo Monday from Mike Bowick, head of global markets. Mills, 56, will be succeeded by Bobby Grubert and Ahmed Kachenoura, effective July 1, Bowick said in a separate memo.

  • Brazil watchdog fines Morgan Stanley, RBC for forex manipulation
    Reuters8 days ago

    Brazil watchdog fines Morgan Stanley, RBC for forex manipulation

    Brazil's antitrust watchdog on Wednesday fined Morgan Stanley and Royal Bank of Canada a total of 42.9 million reais for meddling with foreign exchange rates charged to clients. The board of regulator ...

  • Reuters8 days ago

    Brazil watchdog fines Morgan Stanley, RBC for forex manipulation

    BRASILIA (Reuters) - Brazil's antitrust watchdog on Wednesday fined Morgan Stanley (MS.N) and Royal Bank of Canada (RY.TO) a total of 42.9 million reais (£8.6 million) for meddling with foreign exchange ...

  • Reuters8 days ago

    Royal Bank of Canada boss troubled by U.S. trade talks

    Royal Bank of Canada's chief executive said he was troubled by the dispute between Canada and the United States over trade tariffs and frustrated by the slow progress of negotiations to update the North America Free Trade Agreement. U.S. President Donald Trump has threatened to double down on import tariffs by hitting the sensitive auto industry, making it virtually impossible to renegotiate the 1994 NAFTA pact between the United States, Canada and Mexico.

  • RBC Plans New Push to Get Clients to Adopt Digital Offerings
    Bloomberg8 days ago

    RBC Plans New Push to Get Clients to Adopt Digital Offerings

    Royal Bank of Canada introduced a wave of technology initiatives to combat a source of angst among its executives: Not enough people are switching banks to try their offerings. “We’ve built this incredible franchise over time with all this sales power, yet we’re frustrated," Chief Executive Officer David McKay said Wednesday during an investor event in Toronto. Tapping technology to showcase Royal Bank’s offerings and build new connections is a “secular opportunity" for Canada’s second-largest lender by assets, according to McKay.

  • Should You Be Concerned About Royal Bank of Canada’s (TSE:RY) Liquidity?
    Simply Wall St.9 days ago

    Should You Be Concerned About Royal Bank of Canada’s (TSE:RY) Liquidity?

    Post-GFC recovery has driven major financial institutions’ return to health, increasing market confidence in these “too-big-to-fail” banks. As a large-cap stock with market capitalization of CA$143.95B, Royal Bank of CanadaRead More...

  • RBC Fired Investment Banking Chief Over Affair With Staffer
    Bloomberg14 days ago

    RBC Fired Investment Banking Chief Over Affair With Staffer

    Royal Bank of Canada fired its U.S. investment banking chief Blair Fleming because he failed to disclose that he was having an improper relationship with an employee. “Fleming did not comply with our disclosure and conflict of interest policies relating to workplace relationships,” Gillian McArdle, a spokeswoman for the Toronto-based bank, said Friday in a statement. Policies governing personal conduct in the workplace are being enforced more vigorously because of #MeToo, said Andrew Kofsky, a labor and employment counsel at Simpson Thacher in New York.

  • Financial Times14 days ago

    [$$] Royal Bank of Canada fires its leading US executive

    The Toronto-based bank said that Blair Fleming, who ran investment banking and capital markets operations in the US as well as RBC’s US holding company, had left after failing to disclose a workplace relationship. As head of RBC’s US holding company Mr Fleming, 56, was the frontman for regulators including the Federal Reserve in Washington, taking ultimate responsibility for businesses spanning wealth management and asset management and also City National, a $36bn-in-assets lender based in Los Angeles. The 32-year veteran of the bank had drawn plaudits for cracking the US top 10 in investment banking fees — a goal he set out when taking the helm in 2009.

  • Moody's21 days ago

    City National Corporation -- Moody's places RBC USA Holdco Corporation's A3 Senior Unsecured Rating Under Review for Downgrade

    Moody's Investors Service, ("Moody's") put the senior unsecured debt issued by City National Corporation, and assumed by RBC USA Holdco Corporation, on review for downgrade. On Review for Downgrade: ...

  • Should You Be Tempted To Buy Royal Bank of Canada (NYSE:RY) At Its Current PE Ratio?
    Simply Wall St.25 days ago

    Should You Be Tempted To Buy Royal Bank of Canada (NYSE:RY) At Its Current PE Ratio?

    Royal Bank of Canada (NYSE:RY) is currently trading at a trailing P/E of 12.6x, which is lower than the industry average of 16.9x. While RY might seem like an attractiveRead More...

  • Royal Bank of Canada (RY) Q2 Earnings Impress, Provisions Low
    Zacks28 days ago

    Royal Bank of Canada (RY) Q2 Earnings Impress, Provisions Low

    Royal Bank of Canada's (RY) second-quarter fiscal 2018 (ended Apr 30, 2018) results impress on lower provisions and rise in net interest income.

  • Analyst Cut Sherwin-Williams’s Target Price but Stay Positive
    Market Realist28 days ago

    Analyst Cut Sherwin-Williams’s Target Price but Stay Positive

    Of the 26 analysts covering Sherwin-Williams, 69% recommend “buy,” 31% recommend “hold,” and none recommend “sell.” Over the past three months, analysts have been conservative and scaled down its target price from $460 to $445.60, which implies 15.9% growth from its May 23 closing price of $384.50. 

  • The Wall Street Journal28 days ago

    [$$] RBC and TD Show Mortgage Strength Amid Monetary and Regulatory Changes

    TORONTO—Canada’s two largest banks are weathering a recent cooling of the country’s housing market. Both Royal Bank of Canada and Toronto Dominion Bank reported second-quarter earnings on Thursday, showing growth in mortgages and low reserves for potential loan losses, even as recent housing data show a drop in starts and prices nationwide. “Notwithstanding monetary tightening and regulatory changes that affected some homeowners, we continue to see solid mortgage volume growth this quarter,” said RBC’s CEO, during a morning call with analysts.

  • Forbes28 days ago

    Royal Bank Of Canada Bets Big On Artificial Intelligence

    In my recent series on artificial intelligence for smarter investing, one of the key themes is the importance of collaboration between computer programmers and financial subject matter experts. Most efforts to use AI in finance fail because programmers don’t understand the financial data while the financial experts don’t understand technology. Not only has this bank made concrete efforts to foster collaboration between programmers and financial experts, its CEO has experience in both fields. These efforts are already improving profitability and efficiency, which when combined with a cheap valuation make Royal Bank of Canada (RY) this week’s Long Idea.

  • Reuters28 days ago

    WRAPUP 5-Canada's biggest banks shrug off mortgage concerns with profit beats

    Royal Bank of Canada and Toronto-Dominion Bank, Canada's two biggest lenders, reported second-quarter earnings that beat market expectations on Thursday, shrugging off concerns over slowing mortgage growth. RBC said net income increased by 9 percent compared with the previous year to C$3.1 billion ($2.4 billion), including 7 percent growth at its Canadian retail business, due to improved sales and margins.

  • Royal Bank Of Canada (RY) Q2 2018 Earnings Conference Call Transcript
    Motley Fool29 days ago

    Royal Bank Of Canada (RY) Q2 2018 Earnings Conference Call Transcript

    RY earnings call for the period ending April 30, 2018.

  • Reuters29 days ago

    RBC posts 11 percent rise in second-quarter earnings

    Royal Bank of Canada, Canada's biggest lender by market value, on Thursday posted an 11 percent rise in its second-quarter earnings, helped by strong growth at its wealth management and retail businesses. ...

  • Moody's29 days ago

    Tender Option Bond Trust (RBC Liquidity), Puttable Floating Rate Receipts, Series 2018-XG0176 -- Moody's assigns A1/VMIG 1 to Floater Receipts, Series 2018-XG0176

    Moody's Investors Service has assigned A1/VMIG 1 to the Tender Option Bond Trust (RBC Liquidity), Puttable Floating Rate Receipts, Series 2018-XG0176 (the Receipts). Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.

  • How Analysts View 3M
    Market Realistlast month

    How Analysts View 3M

    Analysts have a consensus target price for 3M of $213.8, implying a potential return of 5.9% over the closing price of $202.41 as of May 15. After its 1Q18 earnings, the target price for 3M has fallen 10%, indicating that analysts have a conservative view on the stock.

  • How Does Royal Bank of Canada’s (TSE:RY) Earnings Growth Stack Up Against The Industry?
    Simply Wall St.last month

    How Does Royal Bank of Canada’s (TSE:RY) Earnings Growth Stack Up Against The Industry?

    Improvement in profitability and outperformance against the industry can be important characteristics in a stock for some investors. Below, I will assess Royal Bank of Canada’s (TSX:RY) track record onRead More...

  • Reuterslast month

    RBC to provide financing for £2.2 billion ZPG buyout

    By Alasdair Reilly and David Brooke (LPC) - Royal Bank of Canada is providing the £1.07bn financing backing private equity firm Silver Lake’s £2.2bn acquisition of ZPG (ZPG.L), owner of online property ...

  • Reuterslast month

    RBC to provide financing for £2.2 billion ZPG buyout

    By Alasdair Reilly and David Brooke - Royal Bank of Canada is providing the £1.07bn financing backing private equity firm Silver Lake’s £2.2bn acquisition of ZPG , owner of online property platforms Zoopla ...

  • Moody'slast month

    North Dakota Housing Finance Agency -- Moody's Assigns Aa1/VMIG 1 to NDHFA Housing Fin. Prog. Bds. 2018 C. Outlook is stable.

    Rating Action: Moody's Assigns Aa1/VMIG 1 to NDHFA Housing Fin. New York, May 08, 2018 -- Moody's Investors Service has assigned Aa1 and VMIG 1 ratings in connection with the proposed $9.355 million North Dakota Housing Finance Agency (the "Agency") Housing Finance Program Bonds Home Mortgage Finance Program 2018 Series C (Taxable). Moody's also maintains the Aa1 and VMIG 1 ratings on all of the Agency's outstanding Housing Finance Program Bonds.

  • Reuters2 months ago

    Canada's biggest lender RBC hikes mortgage rates

    Royal Bank of Canada, Canada's biggest lender, on Thursday said it had lifted the posted rates on some of its fixed-rate mortgages, following the lead of its biggest rival Toronto-Dominion Bank on Wednesday. The move will make it even harder for borrowers to obtain home loans, coming after Canada's banking watchdog introduced new rules at the start of the year compelling banks to test if borrowers can afford to repay loans at a level 200 basis points the contracted rate. RBC said that rates on its one year to four year fixed rate mortgages would rise by 15 basis and rates on its five year to ten year fixed rate mortgages would rise by 20 basis points from April 30.